Bank Indonesia (BI) is the central bank of the Republic of Indonesia. It replaced in 1953 the Bank of Java, which had been created in 1828 to serve the financial needs of the Dutch East Indies. Since 1999, BI is independent from governmental control and reports to the parliament (DPR) instead of to the President, and the bank's governor is no longer a member of the cabinet. BI operates 37 offices across Indonesia, and five representative offices in New York City, London, Tokyo, Singapore and Beijing.